Comparative study of top five bank in india

1. PRESENTED BY- SWATI SIKHA BEHERA (17DM020)
L KUMAR (17DM025)
PRATIKSHYA PARIDA (17DM026)
SOUMYA PANIGRAHI (17DM051)
ARVIND KUMAR THAKUR (17DM075)
COMPARATIVE ANALYSIS
OF SAVINGS ACCOUNT OF
SELECTED BANKS

2. SAVINGS ACCOUNT
 A savings account is the most common form of an interest-bearing deposit account which
is held with a bank that provides a nominal interest rate.
 It is designed to encourage and promote savings.
 It is a demand liability.
FEATURES:
 Savings accounts are best suited for salaried employees or people with a monthly income.
 It earns interest between 3.50 % to 6% on a pre-specified basis.
 Minimum balance required is usually low and varies from bank to bank.
 These accounts do usually carry the facility of issuing cheques.
 Restriction on withdrawals: Max 50 transaction in 6 months
 Restriction on deposits: Re. 1 min in cash and Rs.5 min through cheque

3. NAME OF SELECTED BANKS
PUBLIC SECTOR BANKS
1. STATE BANK OF INDIA
2. PUNJAB NATIONAL BANK
PRIVATE SECTOR BANKS
1. HDFC BANK
2. AXIS BANK
3. INDUSIND BANK

4. 1. STATE BANK OF INDIA (SBI)
 Founded : 2nd June 1806 (Bank of Calcutta)
Jan 1921(Imperial Bank of India)
1st July 1955 (SBI)
2nd June 1956 (Nationalized)
 Chairman : Mr. Rajneesh Kumar
 Headquarters : Mumbai
 Owner : Government Of India (61.23%)
 Total Assets : ₹2,705,966.30 crore (US$410 billion) (2017)
 Market Share : 22%(Domestic)
 Branches : more than 24,000
 Ranked 232nd in the Fortune Global 500 in 2016.

5. TYPES OF SAVINGS ACCOUNT-
 Savings Plus Account
 Yuva Savings Account
 Basic Savings Account
 Small Account
 Savings Account for Minor
 SBI Salary Accounts(8 Types)

6. Savings Plus Account-
 This type of account is linked to Multi Option Deposit (MOD) where
surplus funds crossing the upper limit of the savings bank account is
automatically transferred to Term Deposits.
 This scheme will retain a minimum of Rs. 25,000 in the savings
account.
 The term deposits will be opened in multiples of Rs. 1000 with a
minimum of Rs. 10,000 at one instance.
 The account holder can choose the tenure of the deposit of 1 to 5
years.
 Interest rate on savings account 4% p.a.
 Facilities such as ATM card, mobile banking, Inter Net banking, SMS
alerts are available in this account.

7. SBI Small Account-
 A small account is provided to people who cannot meet the KYC (Know
your customer) requirements.
 Upper limit - Rs. 50,000
 A basic debit card is issued for free with no annual maintenance charge.
 Interest rate - 4% p.a.
 Deposits/cheques drawn by Central/State Government are free.
 All credits in the financial year should not exceed Rs. 1 Lakh
 Withdrawals and Transfers (month)- <= Rs 10000/.

8. 2. PUNJAB NATIONAL BANK
 Founded - 19th May 1894, Lahore
 Founder - Dyal Singh Majithia
 Key People - Sunil Mehta (MD and CEO)
 Headquarter - New Delhi
 Owner - Government Of India
 Total Assets - 667,390.45 crore
 Branches - 6937

9. TYPES OF SAVINGS ACCOUNT-
 Saving Deposit (General) Account
 Premium Saving Account Product
 PNB SF Prudent Sweep For The Accounts Of Institutions
 Family Protection Account
 PNB Junior SF Account
 PNB Vidyarthi SF Account
 Basic Saving Bank Deposit Account (BSBDA)
 PNB Rakshak Scheme
 PNB Shikshak Sweep Scheme
 Scheme For Providing Overdraft Facility To Pensioners
 PNB Power Savings
 PNB Pension Savings Account
 New Salary Saving Products

10. PNB Rakshak Scheme-
 Minimum deposit : NIL & Q.A.B. : Nil
 Sweep allowed after Rs.10000 and thereafter in multiples of Rs.1000 thereof.
 Tenure of FDR: 7 days to 179 days. For FD interest amount must remain at least for
7 days in FFD / or O/D facility of up to sum of last two months net salary.
 RTGS/NEFT: Free
 Outstation Cheque instant credit: Rs.25000/-
 Accidental Insurance :
 Below officer rank : Rs.3 lac , air accident Rs. 5.00 lac
 Officers below the rank of Brigadier : Rs. 5 lac, air accident Rs. 10.00 lac
 Brigadier & above : Rs. 10 lac, air accident Rs. 20.00 lac

11. PNB SF Prudent Sweep For
The Accounts Of Institutions-
 Eligibility: Institutions permitted for opening Saving Fund Accounts
 Initial Deposit: Rs. 500/- (For Govt. Accounts- It Is NIL)
 Minimum Quarterly Average Balance: Rs. 5000/- for Rural/Semi-Urban & Rs.10000/-
for Urban/Metro areas.
 SWEEP IN AND OUT: Sweep in/out shall take place after the cut off balance of
Rs.10.00 lacs and in multiples of Rs.1.00 lac. Sweep out will be on daily basis.
 Tenure: 7 days to one year at the option of the customer
 The funds will be swept in i.e. cancellation of Fixed Deposit, in case of need on
Last In First Out Basis (LIFO)
 Various Free Facilities:
 Up to 2 remittances with the maximum amount of Rs.25,000
 Free Collection of Outstation Cheques- Upto the maximum amount of Rs.25,000/- in a
month.

12. 3. HDFC BANK
 HDFC (Housing Development Financial Corporation) Bank Limited is
an Indian banking and financial services company.
 HDFC Bank is India’s largest private sector lender by assets.
 Headquarter: Mumbai
 Key People: Aditya Puri
 Total assets: Rs. 863,840 crore
 No. of branches: 4715
 Interest rate:
 3.5% per annum for accounts having deposits up to Rs.50 lakh
 For accounts having deposits above Rs.50 lakh, the interest rate is
at 4% per annum.

13. TYPES OF SAVINGS ACCOUNT-
 SavingsMax Account
 Regular Savings Account
 Women's Savings Account
 Kids Advantage Account
 Senior Citizens Account
 Family Savings Group Account
 Basic Savings Bank Deposit Account
 Government/Institutional Savings Account
 BSBDA Small Account
 Government Scheme Beneficiary Savings Account

14. Kids Advantage Account-
Product Features:
 Debit card:
 ATM/International Debit Card will be issued in child's name with guardian’s permission.
 Child can withdraw Rs. 2,500 at ATMs and spend Rs. 10,000 at merchant locations per day.
 Education Insurance cover : Rs.1,00,000/- in the event of death of the parent/ guardian
 Standing Instruction to transfer any amount from parent account to Kid's Advantage account
every month (Minimum value Rs. 1,000 & Minimum tenure 1 year)
 Money Maximizer ( sweep-out)- If balance in the Kid's Advantage Account reaches/exceeds Rs.
35,000, the amount in excess of Rs. 25,000 will automatically be transferred to a Fixed Deposit
for 1 year and 1 day, in child's name.
 Eligibility: For a child (up to 18 years of age) and parents should have a Savings Account with
HDFC Bank.
 Minimum Average Monthly Balance: Rs. 5,000/-

15. Family Savings Group Account-
Product Features:
 Debit card:
 Free Easy Shop International Debit Card for all account holders for lifetime of the group
 Free cash withdrawal transactions at any bank ATMs
 Discounts and Offers
 50% discount on Locker rental and applicable for the first year of allotment only
 Free DD/MC on HDFC Bank locations up to Rs.50,000 per account per month
 Sweep-in Facility: Savings account to savings account sweep-in to a nominated account
 Cross-Product Benefits: 50% discount on locker rental for the first year of allotment
 Transact with Ease: 5 Free cash withdrawal transactions at all HDFC Bank ATMs and non-HDFC
Bank domestic ATMs

16. Cont.
 Average Monthly Balance: Rs. 40,000
 Eligibility:
 All members who have an individual HDFC Bank account
 A minimum of 2 and maximum of 4 accounts can be grouped under a
single Family Savings Group (FSG).
 Non-Resident (NR) accounts can also be grouped
 Savings Max, Current and HUF accounts cannot be grouped under an
FSG account
 The Customer ID of the Primary account holder in the group will be the
Group ID
 The Primary account holder cannot be a minor

17. 4. AXIS BANK
 Third largest of the private-sector banks in India
 Founded: 1993
 Headquarter : Mumbai
 MD: Shikha Sharma
 Branches: 3304
 Total Asset : 601,467 Crore (2017)
 Interest rate:
 3.5% per annum for accounts having deposits up to Rs.50 lakh
 For accounts having deposits above Rs.50 lakh, the interest rate is
at 4% per annum.

18. TYPES OF SAVINGS ACCOUNT-
 ASAP savings Account
 Easy Access Savings Account
 Prime Plus Savings Account
 Prime Savings Account
 Women's Savings Account
 Senior Privilege Savings Account
 Future Stars Savings Account
 Pension Savings Account
 Trust/NGO Savings Account
 Insurance Agent Account
 YOUth Account
 Small Basic Savings Account
 Inaam Personal Account

19. AXIS ASAP Account-
 Axis ASAP is a Digital Savings Account.
 Debit Card: Virtual and Physical form of debit card
 Product features: Get prevailing one year FD rate automatically when
balance exceeds Rs.10,000
 Free transfer of funds, payment of bills and account statements free of
charge
 AMB: No minimum balance required
 Offers n discount: Get Rs.1000 off on flights/hotels on Clear trip
 Get 250 eDGE Reward points on account opening

20. YOUth Account-
 Branch Transaction: No free transactions per month (transactions include branch cash
deposit/withdrawal and DD/PO requests)
 Debit Card: Visa Classic YOUth Card
 Daily ATM Withdrawal: Rs.40,000 & Daily Shopping: Rs.1 Lakh
 Product features:
 1 multicity cheque book free per quarter
 4 Cash transactions free per month
 AMB: Initial Funding of Rs. 3,000
 Offers n discount:
 Personalised image debit card
 Enjoy up to 15% discount at over 4000 restaurants

21. Inaam Personal Account-
 Product features:
 1 multicity cheque book free per quarter
 Rs. 200,000 of deposit/withdrawal or 20 free branch transactions free per month
 Debit card: Visa Classic Debit Card
 Daily ATM Withdrawal: Rs.40,000 & Daily Shopping: Rs.1 Lakh
 Average Monthly Balance:
 Average Monthly Balance (AMB) of Rs. 10,000 for Metro, Urban locations
 Average Monthly Balance (AMB) of Rs. 5,000 for Semi Urban locations
 Average Monthly Balance (AMB) of Rs. 5,000 for Rural location
 Chequebook service: One, free, multicity cheque book per quarter (20 leaves)
 Offers n discount:
 Enjoy up to 15% discount at over 4000 restaurants
 eDGE Loyalty Reward Points

22. Trust/NGO Savings Account-
 Bank transaction: Free Anywhere Banking across all the branches and extension
counters
 Debit card: Visa Classic Debit Card
 Daily ATM Withdrawal: Rs.40,000 & Daily Shopping: Rs.1 Lakh
 Product features:
 Unlimited free cheque-books
 Unlimited free branch cash transactions
 Offers and discount:
 Enjoy up to 15% discount at over 4000 restaurants
 eDGE Loyalty Reward Points
 Average Monthly Balance (AMB) : Rs. 25,000
 Chequebook services: Multi-city, at-par, cheque facility with no limit on clearing
payments at centres across the country

23. 5. INDUSIND BANK
 Mumbai based Indian new generation private bank
 Established- April 1994
 Founder- Mr. Srichand P Hinduja
 Derives its name from Indus Valley Civilization
 Provides facilities such as Net Banking, Phone Banking, Mobile
Banking and IVR support for easy access to the account.
 The bank is a pioneer in launching internet banking.
 It is rated as one of the Top Performing Banks in various
surveys.
 As on 31 December 2017, the bank had 1,320 branches and
2,162 ATMs spread across 702 geographical locations of the
country.
 The bank also has representative offices in London, Dubai and
Abu Dhabi.
Balance
Interest Rate
on Balance
Daily balance
up to 1 lakhs
4 %
Daily balance
above 1 lakhs
and up to 10
lakhs
5 %
Daily Balance
above 10
lakhs
6 %

24. TYPES OF SAVINGS ACCOUNT-
 Indus Exclusive Savings Account
 Indus Select Saving Account
 Indus Maxima Savings Account
 Indus Privilege Savings Account
 Indus Privilege Active
 Indus Diva Savings Account
 Indus Senior Savings Account
 Indus 3 in 1 Account
 Indus Young Silver
 Indus Classic Savings Account
 Indus Easy Savings Account
 Indus Small Account

25. Indus Diva Savings Account-
 Designed exclusively for women
 Product features :
 Platinum Plus Debit card
 25% discount on the first year standard locker fee
 Free Add-on accounts for family
 Banking from anywhere in the country /world
 Host of free services and benefits
 Free transaction on all ATM across India and one international ATM withdrawal
free per month
 Free demand drafts at all the branches and 1 correspondent bank demand draft
for an amount up to Rs. 50,000 per day.
 Doorstep Banking
 Eligibility: Resident Indian women (sole or joint account)
 Average quarterly balance: Rs. 25,000 or fixed deposit of Rs. 5 lakhs.

26. Indus Senior Savings Account-
 Eligibility: Resident Indian (sole or joint account) above the age of 60
years
1. Indus Senior (Privilege)
 Debit card: Free RuPAY Debit Cards
 Higher interest (0.5% additional) on Fixed deposits
 Insurance and Discount:
 Personal Accident Insurance of Rs. 1,00,000 is available to customers
as a part of the RuPAY Debit card offering
 Discount of 20% on Medical tests done at SRL Labs
 Average monthly balance: Rs. 10,000 or a fixed deposit of Rs. 2,50,000

27. 2. Indus Senior (Maxima)-
 0.5% higher rate of interest on fixed deposits products
 Debit card: Free Platinum Debit card
 For shopping and purchases: Rs. 2,00,000/- per day
For ATM cash withdrawals: Rs. 1,00,000/- per day
 Free Add on Accounts for family
 20% discount on first year fee of Standard Locker
 Average quarterly balance: Rs. 25,000 or a fixed deposit of Rs. 5 lakh
 Insurance and Discounts:
 Personal Accident Insurance of Rs. 1,00,000
 Medical Insurance up to Rs. 50,000 for fractures
 Discount of 20% on Medical tests done at SRL Labs

28. Indus 3 in 1 Account-
 IndusInd 3 in 1 account is a tailor-made product for those customers who
wish to invest in the stock market.
 The account brings 3 different banking services under one umbrella in
partnership with Kotak Securities(broking partner).
 Apart from the features of a regular saving account, the other add-on
features of this savings account with IndusInd Bank are:
 Hassle-free assimilation of 3 products – saving account, demat and trading
account
 State-of-the-art trading solutions in partnership with Kotak Securities
 Most competitive pricing in the industry

29. Age:
SBI
PNB INDUSIND BANK
HDFC BANK AXIS BANK
REPORT ANALYSIS

30. Employment Status:
SBI
PNB INDUSIND NANK
HDFC BANK
AXIS BANK

31. Qualification:
SBI PNB INDUSIND BANK
HDFC BANK AXIS BANK

32. Occupation:
SBI
PNB INDUSIND BANK
HDFC BANK AXIS BANK

33. How long you have been customer of the bank?
SBI
PNB INDUSIND BANK
HDFC BANK
AXIS BANK

34. FACILITY AVAILABILITY:
SBI
PNB

35. HDFC BANK AXIS BANK
INDUSIND BANK

36. Customer Support/Guidance (Advisory services,
Clarification of customers doubt) for Savings A/c holder:
SBI
PNB
AXIS BANK
INDUSIND BNAK
HDFC BANK

37. Method of imposing service charges , fines and penalties
for savings A/c:
SBI PNB INDUSIND BANK
AXIS BANK HDFC BANK

38. Speed , Promptness and Accuracy in transaction
for savings A/c:
SBI PNB INDUSIND BANK
HDFC BANK AXIS BANK

39. Confidentiality of account and transaction of savings A/c:
SBI PNB INDUSIND BANK
HDFC BANK AXIS BANK

40. Satisfaction with MAB (monthly average balance)
requirement and non-maintenance charges in savings A/c:
SBI PNB INDUSIND BANK
HDFC BANK AXIS BANK

41. Communication and providing prompt information about charges
and interest rate for savings A/c:
SBI PNB INDUSIND BANK
HDFC BANK AXIS BANK

42. Satisfaction with the interest rate provided by your bank on
savings A/c:
SBI PNB INDUSIND BANK
AXIS BANK HDFC BANK

43. Is your bank providing OD facility in savings account?
SBI PNB INDUSIND BANK
AXIS BANK HDFC BANK

44. Does your bank offer zero balance facility on savings
account ?
SBI
PNB INDUSIND BANK
AXIS BANK HDFC BANK

45. Does your bank provide locker facility on discount rate for
savings A/c holder?
SBI PNB INDUSIND BANK
AXIS BANKHDFC BANK

46. CONCLUSION
 Private Banks have most satisfied customers with
respect to customer services and promptness in
communicating any change in the account or system
as compared to the Public sector banks.